Can the price of oil or gold help formulate a trading strategy for BTC, or vice versa?
Welcoming thoughts, as it's an intriguing concept that I might work on more if anything of value can be derived from the correlations.
Cheers!
At first thought i would say no, there seams to be little relation between oil/gold and bitcoin, to be honest i think oil/gold dont care about bitcoin.
It may have only one sided relation, when people are running away from fiat, they turn to alternatives, so its possible so see increase in both values of oil/gold and bitcoin.
But for them to have clear correlation, i doubt it, atleast not for now. maybe someone can proove otherwise ?
cheers
